Artesian Resources Corp (ARTNA) Financial Statements
Industry: Water Supply
In fiscal 2025, Artesian Resources reported revenue of $112.9M, up 4.6% from $108.0M the year before. Net income was $22.8M (a 20.2% net margin), or $2.21 per diluted share. Operating margin was 24.6%. Operating activities generated $40.3M of cash, leaving -$18.5M of free cash flow. At fiscal year end, Artesian Resources held $851.2M in total assets against $601.3M in total liabilities, including $52,000 of cash and equivalents.
Open the full interactive Artesian Resources financials → Quarterly statements, key ratios, valuation history and price charts.
Artesian Resources Key Stats
| Share Price | $33.75 |
|---|---|
| Market Cap | $348.6M |
| P/E Ratio | 15.3 |
| Dividend Yield | 3.71% |
| Revenue YoY Growth | +4.6% |
| 52-Week Range | $29.93 – $36.69 |
| Shares Outstanding | 10.3 million (basic, 2026 Q2) |
Artesian Resources Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $88.1M | $90.9M | $98.9M | $98.9M | $108.0M | $112.9M |
| Operating Income | $22.3M | $22.3M | $23.9M | $22.4M | $26.2M | $27.8M |
| Pre-Tax Income | $22.5M | $22.6M | $23.9M | $23.0M | $27.7M | $30.7M |
| Income Tax | $5.7M | $5.7M | $5.9M | $6.3M | $7.3M | $7.8M |
| Net Income | $16.8M | $16.8M | $18.0M | $16.7M | $20.4M | $22.8M |
| Diluted EPS | $1.79 | $1.79 | $1.90 | $1.67 | $1.98 | $2.21 |
Artesian Resources Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $30.5M | $28.0M | $27.8M | $30.7M |
| Net Income | $7.0M | $4.1M | $5.9M | $6.6M |
| Diluted EPS | $0.68 | $0.40 | $0.57 | $0.64 |
Artesian Resources Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $28,000 | $92,000 | $1.3M | $2.5M | $1.1M | $52,000 |
| Current Assets | $17.6M | $19.2M | $27.8M | $30.6M | $24.5M | $21.4M |
| Total Assets | $593.2M | $625.2M | $719.8M | $766.8M | $798.6M | $851.2M |
| Current Liabilities | $43.7M | $47.7M | $44.1M | $22.4M | $25.6M | $33.7M |
| Total Long-Term Debt | $144.1M | $144.8M | $177.6M | $180.5M | $178.7M | $176.4M |
| Total Liabilities | $423.8M | $447.2M | $531.9M | $536.4M | $559.4M | $601.3M |
| Shareholders' Equity | $169.4M | $178.0M | $187.9M | $230.4M | $239.2M | $249.9M |
Artesian Resources Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $20.4M | $31.3M | $24.3M | $31.9M | $36.8M | $40.3M |
| Cash From Investing | -$40.0M | -$40.7M | -$54.8M | -$62.1M | -$45.3M | -$58.7M |
| Cash From Financing | $19.0M | $9.5M | $31.7M | $31.4M | $7.1M | $17.3M |
| Free Cash Flow | -$13.9M | -$9.5M | -$24.2M | -$30.3M | -$9.1M | -$18.5M |
| Dividends Paid | $9.4M | $9.8M | $10.3M | $11.2M | $12.2M | $12.7M |
Figures from Artesian Resources' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Artesian Resources financials page for every line item.
Artesian Resources Company Profile
| Ticker | ARTNA |
|---|---|
| Exchange | Nasdaq, OTC |
| Industry | Water Supply |
| Headquarters | Newark, Delaware |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer |
| SEC CIK | 0000863110 |
Frequently Asked Questions
What was Artesian Resources' revenue in fiscal 2025?
Artesian Resources (ARTNA) reported revenue of $112.9M for fiscal 2025.
What is Artesian Resources' annual revenue history?
Artesian Resources' annual revenue by fiscal year: 2020: $88.1M; 2021: $90.9M; 2022: $98.9M; 2023: $98.9M; 2024: $108.0M; 2025: $112.9M.
What was Artesian Resources' net income in fiscal 2025?
Artesian Resources reported net income of $22.8M for fiscal 2025.
What was Artesian Resources' earnings per share (EPS) in fiscal 2025?
Artesian Resources' diluted EPS was $2.21 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Artesian Resources generate in fiscal 2025?
Artesian Resources generated -$18.5M of free cash flow in fiscal 2025.
What was Artesian Resources' revenue last quarter?
In its most recent reported quarter (2026 Q2), Artesian Resources reported revenue of $30.7M.
How much debt does Artesian Resources have?
Artesian Resources reported $176.4M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Artesian Resources are outstanding?
Artesian Resources reported a weighted average of 10.3 million basic shares outstanding in 2026 Q2.
What is Artesian Resources' market cap?
Based on its latest closing price, Artesian Resources (ARTNA) has a market capitalization of about $348.6M.
When does Artesian Resources' fiscal year end?
Artesian Resources' fiscal year end, as registered with the SEC, is December 31.
Where is Artesian Resources headquartered?
Artesian Resources lists its business address in Newark, Delaware in its SEC filings.